We are once again at the blue box liquid zone levels that has in the past years, each time violently pulled us down we attempted to make a close above it.
Will this be just just another fakeout or will bitcoin be able to close above suggesting a macro change of events and possibly new all time highs?
All this remain to be seen but keep in mind all this could be dragged out until early 2022 and we could experience some turbulence following the apex.
Will this be just just another fakeout or will bitcoin be able to close above suggesting a macro change of events and possibly new all time highs?
All this remain to be seen but keep in mind all this could be dragged out until early 2022 and we could experience some turbulence following the apex.
Trade closed: target reached:
Resolved to the upside
What comes next is uncertain... I would still be cautious and wait for a retest as support of the blue liquid zone to fully confirm the breakout although this is now looking very promising.
Either we continue going up 1st to 16.5, 18K or new all time highs before the pullback remains unknown.